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VAPO

The top five short squeeze candidates for the week include Ambrx Biopharma, Tempest Therapeutics, Torrid Holdings, Bitcoin Depot, and Vapotherm. These stocks have high short interest and steep borrowing costs, common traits that could lead to a short squeeze. Ambrx Biopharma and Tempest Therapeutics, both biotech stocks, top the list.

Portfolio Pulse from Chris Katje

October 31, 2023 | 2:21 pm

JPM

A significant amount of unusual options activity has been observed for JPMorgan Chase (NYSE:JPM), with a bearish stance being taken by a majority of investors. The price target for JPMorgan Chase over the last 3 months has been between $120.0 and $160.0. The current price of JPM is $138.3, up 0.64%. Several financial institutions have maintained their ratings on JPMorgan Chase, with price targets ranging from $171 to $233.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:17 pm

AVGO

A significant bullish stance has been taken on Broadcom (NASDAQ:AVGO) as indicated by unusual options activity. The sentiment among these big-money traders is split evenly between bullish and bearish. The targeted price range for Broadcom over the last 3 months has been from $500.0 to $880.0. The current price of AVGO is down -0.84% at $834.16.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:17 pm

RIG

Transocean Ltd (NYSE:RIG) shares are trading higher after initially falling due to worse-than-expected Q3 financial results. The company reported Q3 revenue of $713 million, lower than the estimated $722.57 million, and a loss of 36 cents per share, higher than the estimated loss of 23 cents. Despite the disappointing results, the company's contract backlog increased for the sixth consecutive quarter to $9.4 billion.

Portfolio Pulse from Adam Eckert

October 31, 2023 | 2:16 pm

MBUU

Malibu Boats Inc (NASDAQ:MBUU) reported a Q1 FY24 sales decline of 15.3% YoY to $255.83 million, beating analyst consensus. The decrease was due to decreased unit volumes and increased dealer flooring program costs due to higher interest rates and increased inventory levels. The company's operating income fell 40.9% to $28.6 million. The company expects FY24 sales decline in the high teens to low twenties and adjusted EBITDA margin down 350-450 basis points.

Portfolio Pulse from Shivani Kumaresan

October 31, 2023 | 2:13 pm

INVZ

Citron Research has praised the CEO of Innoviz Technologies (INVZ) for standing by his team, technology, and customers despite the ongoing war in Israel. The company has over $5 billion in committed contracts. The stock is currently trading below cash value, but Citron Research suggests it could double once the market recognizes Innoviz as the LIDAR leader.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:12 pm

OLED

TheStreet.com Action Alerts Plus has announced that it is exiting its position in Universal Display due to portfolio discipline and comments from Samsung. Universal Display's stock symbol is OLED.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 2:06 pm

MKL

Markel (NYSE:MKL) is set to release its latest quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $19.61. The company's past performance shows it beat EPS estimates last quarter, resulting in a 2.03% increase in share price. Markel's shares were trading at $1457.26 as of October 30, with a 52-week increase of 21.04%.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:02 pm

AIG

American Intl Gr (NYSE:AIG) is set to release its latest quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $1.50. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. The stock was trading at $61.0 as of October 30, with a 52-week increase of 6.86%.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:02 pm

MCK

McKesson (NYSE:MCK) is set to release its latest quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $6.13. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. McKesson's shares were trading at $449.43 as of October 30, with a 15.34% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:02 pm